UP Global Sourcing Holdings (GB:ULTP) has released an update.
Ultimate Products plc, the owner of historic homeware brands such as Salter and Beldray, has bought back and cancelled 7,425 of its own shares, at a price of 136.75 pence each, through Shore Capital Stockbrokers Limited. This move results in the company’s total issued share capital being reduced to 88,863,672 Ordinary Shares. The company, known for selling to over 300 retailers worldwide and employing over 370 staff, aims to enhance shareholder value through this strategic buyback.
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